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I recommend you review the Futures Discussion with respect to Formations at your earliest possible convenience. - Spydertrader

Context Again, Tums example had one channel - down. The chart from November had two competing channels - one inside the other. If you do not see a single channel as a different context than two competing channels, I do not know how I can better clarify - other than one does not equal two...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1823251>

You don't have four additional combinations here. You posted four more of the same previous combinations. See attached. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1822969>

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Then I encourage you to look closer. The example Tums provided had but a single channel. The chart of mine you referenced had a Point Three Up channel form within a Point Three Down Channel. See attached. Single Channel: <img...

In the future, linking to the chart / post you've chosen to reference saves me the time of searching for it. Creating an environment where I can answer questions easily improves the likelihood of a response. I have linked the chart here for those with an interest. Rather than viewing the...

See. You knew the correct answer all along. You did not require an answer from me. Nicely done. - Spydertrader

Let's try this again ... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1821102> You appear to agree with the above quoted text, and therefore, assert that the chart snippet does not show a Point Three Down (according to the highlighted logic snippet). Is this the...

According to the logic used to form the question quoted above, how does the following scenario play out? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1821102>

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1820911>

With Equities, we often 'see' overnight 'gaps' in one direction or another which do not materialize intraday on Futures Charts (except at the 'open'). Note the increasing red Volume Bar within the red down channel. Now, note the prior bar 'close' and compare it to the increasing red bar 'open'...

Lateral Formations begin on a Dominant Traverse. However, once Price breaks the Lateral Boundaries (set by the high and low of the first bar of the formation), a Lateral Formation no longer exists. In its place, we have Lateral Movement. In addition, you completely ignored the increasing red...

Price & Volume - Spydertrader

I've never read Vic, so I have no idea how he prefers to draw in trend lines. However, If one uses Volume as a guide, trend lines (and the channels they create) become a very scientific process. As such, Price breaking a trend line on increasing Volume differs from Price breaking a trend line on...

As recently as 02-23-2008, I posted this. It wasn't the first such post. - Spydertrader

Do you feel the Volume Bars, during the aforementioned time period, match with prevously posted descriptions of HVS Volume? - Spydertrader

"Doji's and Neutral Bars" present confusion - only in the mind of those not following what Price and Volume have signaled. Your question fails to bring Volume into the equation. How can one who attempts to trade using the P-V Relationship leave out 50% of the process and expect to 'understand'...

Formations occur on the Dominant Traverse as is evident by the Dominant Volume which creates the first Price bar of the formation. However, a formation can form a Non-Dominant Traverse as often exemplified by an Acclerated Channel. In other words, A Lateral Formation, in its entirety, could...